Bybit Web3 Introduces A New Keyless Wallet For Crypto And NFTs

Bybit Web3 Introduces A New Keyless Wallet For Crypto And NFTs – Here’s How It Works

Updated: 12 January 2024

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Bybit Web3, the digital market platform that allows traders to trade crypto and non-fungible token collection, has introduced a new keyless crypto wallet for crypto and NFTs, with multi-party computation technology to offer more enhanced security.

In a January 11 press release, the popular cryptocurrency exchange Bybit confirmed the introduction of a new keyless crypto wallet in the crypto market. The new sophisticated keyless crypto wallet appears amid the rise of crypto and NFT scams. Keyless wallet emerges as a standout option that effectively meets this menace.

Exciting news! 🤩

Bybit Web3 introduces our Keyless Wallet with MPC technology for enhanced security.🗝️

Soft launch begins today! 📅
Update the lateset version of Bybit App to see if you qualify to create the Keyless Wallet!

Don't miss out—create yours now for a chance to win… pic.twitter.com/GRWHwrY3gP

— Bybit Web3 (@Bybit_Web3) January 12, 2024

How Does The New Keyless Wallet Works?

Keyless wallet is a state-of-the-art cryptocurrency wallet that integrates advanced multi-party computation technology to enhance top-notch security. Unlike other wallets, the new keyless wallet grants users complete control over their digital assets without relying on third-party oversight.

Keyless Wallet is designed to cater to all levels of digital asset users, from beginning to expert, and offers a user-friendly interface that simplifies asset management. The new crypto wallet paves the way for a bright future where managing digital assets is secure, straightforward, and free from the complexities of traditional custody models.

The new keyless crypto wallet employs a key share system, a pivotal aspect of its security and operational framework. In simpler terms, key shares are generated as a fundamental part of the wallet’s security structure. These key shares are vital for accessing and securing the wallet and can be backed up with users’ cloud storage.

Bybit Web3 Unveils NFTPro

The new keyless crypto wallet appeared just a few days after the crypto exchange Bybit launched its NFTPro. In its website publication, ByBit described its new NFTpro as a one-stop decentralized NFT trading platform that supports cross-platform transactions while providing real-time on-chain data.

🚀Introducing Bybit NFT Pro: Empower Your Creativity in a Decentralized World!

✨Participate in our Exclusive Bybit NFT Pro Launch Campaign: 🔗 https://t.co/ZefKJyu6oP

⏰Tune in to our Twitter Space at 1pm UTC today for NFT Pro insights and exciting giveaways: 🔗… pic.twitter.com/fRODPZ158m

— Bybit NFT (@Bybit_NFT) January 10, 2024

Bybit NFT Pro allowed users to purchase NFTs listed on the leading NFT marketplace, such as Blur and OpenSea, directly on the platform, enhancing liquidity and ensuring price transparency. The platform also supports pending offers across multiple marketplaces, ensuring the “floor price” offer corresponds with the NFT collection’s market value.